Innovating in Agribusiness
Farming is becoming more and more complex. Uncertainty, demand, and the desire to farm in new ways means farmers are facing even more risk through the growing, developing and planning cycles of their operations.
Risk management today should meet your customers where they are—providing simple, easy to use solutions for complex risk, designed with their needs in mind.
We do the heavy lifting to bring product ideas to life. Parametrics.ag works with you to develop risk management solutions that:
Empower
farmers to farm how they want
Incentivize
progressive agronomic techniques and marketing decisions
Encourage
investment in inputs
=
capabilities
Parametrics.ag is a suite of innovative and sophisticated risk management and technical capabilities to develop customized products to address your customer’s needs.
Using proprietary data and insurance expertise we develop white label or connected-offer risk management solutions:
de-risk farming decisions
incentivize agronomic decisions
incentivize investment in Agribusiness
speeds up recovery
Parametrics.ag uses the world’s most technically sophisticated satellites to collect data
Atmospheric
Vegetative crop health
Relative humidity and fungal risk
Surface
Temperature
Excess Heat
Gas
Precipitation
Drought
Flood
Sub-surface
Soil moisture
Soil type
Atmospheric
Surface
Sub-surface
location specific
high-resolution
spatially complete
temporally complete
does not rely on physical weather stations
Fully Customizable Solutions
Farmers need more sophisticated risk management options that provide an appropriately custom solution to their problems, at each stage of the growing, developing, and planning cycles.
Together, we identify your customer needs, select parameters and our team then designs your solution using our suite of capabilities.
Moving Beyond Traditional Insurance
Our solutions do not rely on weather stations or mechanical sensors or almanacs, leading to better, more sound data and mitigated basis risk. Our approach and expertise avoids traditional inefficiencies and basis risk through dynamic modelling and precision development.
Rigid Product
Modelling
Averages and fixed dates
Inconsistent coverages
Lacks trust
Inefficient Market Delivery Model
People and paperwork
Costly and time consuming
No digital delivery
Poor Data Quality & Transparency
Not specific or timely
Spatially and temporally incomplete
No transparency to the data
High
Basis-Risks
Time and distance creates risk
Data availability is spatially sparse
Customer absorbs cost of risk
Dynamic Product
Modelling
Data creates product mechanics
Agronomic, weather & financial data intersect
Dynamically adjusts to the actual conditions
Digital Product
Delivery
parametrics.ag hosts all functions of product delivery and policy management
High
Quality Data
Accurate, reliable & repeatable
Visible to the consumer
High-resolution data (6 miles sq)
Basis-Risks
Mitigated
Utilize the world’s most sophisticated satellite and radar data sources
Spatially and temporally complete
Rigid Product
Modelling
Averages and fixed dates
Inconsistent coverages
Lacks trust
Dynamic Product
Modelling
Data creates product mechanics
Agronomic, weather & financial data intersect
Dynamically adjusts to the actual conditions
Inefficient Market
Delivery Model
People and paperwork
Costly and time consuming
No digital delivery
Digital Product
Delivery
parametrics.ag hosts all functions of product delivery and policy management
Poor Data Quality
& Transparency
Not specific or timely
Spatially and temporally incomplete
No transparency to the data
High Quality Data
Accurate, reliable & repeatable
Visible to the consumer
High-resolution data (6 miles sq)
High
Basis-Risks
Time and distance creates risk
Data availability is spatially sparse
Customer absorbs cost of risk
Basis-Risks
Mitigated
Utilize the world’s most sophisticated satellite and radar data sources
Spatially and temporally complete
Innovation Ready
Parametrics.ag works with leaders in Agribusiness to turn complex challenges into innovative new approaches to agriculture.
Our team takes on the costly, resource dependent, time consuming and complicated functions of developing a sophisticated risk management solution for your customers. We offer:
Unparalleled
speed to market
First of its kind and already
scaled up to 500,000 acres
Development cycle of
one growing season
Experience & Proven
Track Record
Parametrics.ag is powered by Global Ag Risk Solutions. Global Ag Risk Solutions Corp. is a leading global managing general agent (MGA) and third-party claims administrator (TPA) offering private insurance to farmers focused on advancing agronomic techniques and superior risk management.
Leading innovation for more than 12 years
Extensive relationships in Canada and
the United States
We use an exclusive database leveraged to derive product rating matrices through proprietary, customized actuarial models.
Nearly 20,000 years of geo-referenced
accrual-based financial data and verified yield data
Launched first of its kind parametrics.ag
with a Heat Cover product, in May 2021
Leadership Team
Grant Kosior
President/CEO
Dave Sullivan
Chief Operating Officer
Damon Johnson
Director of Strategic Projects